Taiwan

Private equity and venture capital news from Taiwan

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• Taiwanese government looks for biotech sector boost 27 Mar 2009. Source: AltAssets. The Taiwanese government is setting up a TWD$60bn biotech venture capital fund as part of a drive to turn the sector into a leading domestic industry, according to a report in the China Post. The government hopes the industry will grow to have an annual production value of over TWD$1tr within ten years.

• TaiGen Biotechnology raises $37m in Series C round 21 Jan 2009. Source: AltAssets. Taiwanese drug developer TaiGen Biotechnology has secured $37m in Series C funding from a group of investors including life sciences-dedicated venture capital firm MPM Capital. Other investors in the round include the National Development Fund, YFY group, Taiwan Sugar, Yao-Hwa Glass Management Commission and Taiwan Global BioFund.

• Investor consortium acquires Taiwan's Primax Electronics in $265m deal 17 Sep 2007. Source: AltAssets. A consortium consisting of FAT Capital, H&Q Asia Pacific and Merrill Lynch has taken private Taiwan-listed electronics supplier Primax Electronics. At NT$18 (approximately US$0.55) per share, the transaction is valued at NT$8.6bn (approximately US$265m).

• SAC Private Capital to acquire Taiwanese Cosmos Bank 03 Sep 2007. Source: AltAssets. Private equity group SAC Private Capital Group and consumer lending firm GE Money have signed a memorandum of understanding to invest $900m in Taiwanese Cosmos Bank. Under the terms of the memorandum, SAC will contribute $650m with GE Money supplying the remaining $250m.

• CLSA Capital Partners invests in Taiwanese company Unitech Printed Circuit Board 02 Aug 2007. Source: AltAssets. CLSA Capital Partners' fund ARIA Investment Partners III has invested US$20m in Unitech Printed Circuit Board Corporation.

• EQT closes EQT V on €4.25bn and EQT Greater China II on $545m 18 Dec 2006. Source: AltAssets. EQT has closed two funds, EQT V on €4.25bn and EQT Greater China II on $545m. EQT V will make controlling investments in medium-sized companies in growing industries in Northern Europe. EQT Greater China II will focus primarily on mid-market buy-out and control investments based in or connected with China, Hong Kong and Taiwan. It will focus on the branded consumer products and services, retail and distribution, and pharmaceuticals and manufacturing sectors.

• Russian Baring Vostok Capital Partners launches Madame Figaro Russia 23 Mar 2005. Source: AltAssets. Russian private equity firm Baring Vostok Capital Partners and its portfolio company Select Media have launched Madame Figaro Russia, a new monthly glossy magazine aimed at Russia's businesswomen. Madame Figaro Russia follows Madame Figaro editions for France, Greece, Portugal, Japan, China, Taiwan, Korea and Thailand. Baring Vostok bought a controlling interest in Select Media in 2004.

• Asian HSBC Private Equity Fund 3 closes on $700m 03 Dec 2004. Source: AltAssets. HSBC Private Equity (Asia) has closed its HSBC Private Equity Fund 3 after receiving commitments of $700m. The fund will invest in mid-market Asian companies, with a primary focus on China, India, Malaysia, Singapore, South Korea, Taiwan and Thailand.

• Geoff Lee to join MezzAsia Capital 22 Sep 2004. Source: AltAssets. Asian mezzanine firm MezzAsia Capital has recruited Geoff Lee as a director of investments with responsibility for China, Taiwan, Hong Kong and South Korea. Lee joins the firm from HSBC where he served as a director in the investment banking division. He previously worked for Peregrine Capital in Hong Kong.

• Standard Chartered Private Equity appoints Fan Chen as head of China 12 Aug 2004. Source: AltAssets. Standard Chartered Private Equity has appointed Fan Chen as managing director and head of Greater China. He will be responsible for the firm's activities in China, Taiwan and Hong Kong.

• London Asia and US GEM launch $200m China fund 00 0000. Source: AltAssets.